Raymond James Financial Inc. Invests $3.50 Million in ABM Industries Incorporated (NYSE:ABM)

Raymond James Financial Inc. bought a new position in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 68,427 shares of the business services provider's stock, valued at approximately $3,502,000. Raymond James Financial Inc. owned approximately 0.11% of ABM Industries at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC increased its position in ABM Industries by 238.7% during the 3rd quarter. Barclays PLC now owns 113,850 shares of the business services provider's stock worth $6,004,000 after purchasing an additional 80,238 shares in the last quarter. Jane Street Group LLC grew its position in shares of ABM Industries by 91.8% in the 3rd quarter. Jane Street Group LLC now owns 82,094 shares of the business services provider's stock valued at $4,331,000 after buying an additional 39,300 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of ABM Industries in the third quarter valued at about $1,931,000. Citigroup Inc. raised its position in shares of ABM Industries by 51.3% during the third quarter. Citigroup Inc. now owns 101,006 shares of the business services provider's stock worth $5,329,000 after acquiring an additional 34,254 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of ABM Industries by 26.3% in the fourth quarter. Victory Capital Management Inc. now owns 136,494 shares of the business services provider's stock worth $6,986,000 after acquiring an additional 28,427 shares during the period. Institutional investors own 91.62% of the company's stock.

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ABM Industries Trading Up 0.0 %

Shares of NYSE:ABM traded up $0.01 during mid-day trading on Monday, hitting $47.33. The company had a trading volume of 473,529 shares, compared to its average volume of 486,885. The company has a market capitalization of $2.95 billion, a PE ratio of 37.27, a price-to-earnings-growth ratio of 2.75 and a beta of 1.13. ABM Industries Incorporated has a one year low of $42.63 and a one year high of $59.78. The firm has a fifty day moving average price of $51.39 and a 200 day moving average price of $52.83. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick ratio of 1.33.

ABM Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, April 3rd. ABM Industries's dividend payout ratio (DPR) is currently 84.13%.

Insiders Place Their Bets

In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $52.84, for a total transaction of $528,400.00. Following the completion of the sale, the chief operating officer now owns 87,808 shares in the company, valued at approximately $4,639,774.72. The trade was a 10.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Dean A. Chin sold 4,281 shares of the firm's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $52.36, for a total transaction of $224,153.16. Following the completion of the transaction, the chief accounting officer now directly owns 18,681 shares in the company, valued at $978,137.16. This trade represents a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

Separately, UBS Group decreased their target price on shares of ABM Industries from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th.

ABM Industries Profile

ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. It operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.